FTX owner Sam Bankman-Fried claimed that the 2nd Excellent Stablecoin Battle had actually started complying with Binance-backed BUSD’s supply development.
FTX owner Sam Bankman-Fried hinted that the exchange might develop its stablecoin in the “not also long run” in an Oct. 27 meeting with The Huge Whale.
🔴 SCOOP@SBF_FTX told @TheBigWhale_ that @FTX_Official is working on their stablecoin
Video 👇 pic.twitter.com/hjVscUl50Q
— The Big Whale 🐳 (@TheBigWhale_) October 27, 2022
According to SBF, the exchange absolutely might introduce a stablecoin. Nonetheless, he included that:
2) What's different this time is:
a) positive interest rates –> more revenue for stablecoins
b) by now they've all learned the core lesson: NEVER EVER BLOCK REDEMPTIONS or your stablecoin will no longer be stable
— SBF (@SBF_FTX) October 23, 2022
The crypto billionaire included:
” It’ll interest see what arises from the non-fiat-backed-stablecoin area, post-Luna, and also post-DAI-holding-USDC.”
